Importer Exporter Code (IEC Code)

An Importer Exporter Code (IEC) is a crucial business identification number mandatory for export from India or import to India. Unless specifically exempted, any person shall not make any export or import without obtaining an IEC. For services exports, IEC may not be necessary unless the service provider avails benefits under Foreign Trade Policy.

IEC registration certificate is mandatory before initiating import. The entity must also have GST registration. Without these, the goods may get stuck at customs.

Importance of Import Export Code

• International market unlocks: Helps products reach global markets and enables smoother expansion.
• Online registration: Entire process is online and hassle-free with minimal documents.
• Less document requirement: Requires few documents for IEC registration.
• Lifetime validity: Once obtained, it is valid for the lifetime of the business.
• Reduces illegal goods transportation: Requires authentic documentation, minimizing chances of illegal trade.
• Availing several benefits: Helps access tax benefits, subsidies, and export incentives.
• Compliances: No specific compliance requirements like return filing or renewal.